Mahindra Rural Housing Finance Cluster Manager Salaries by 6 Employees (Updated 2025)

6 - 13 years exp.

₹3.4 Lakhs - ₹11 Lakhs

Low Confidence

Salary of majority employees

24% less than the average Cluster Manager Salary in NBFC Companies for 6 - 13 years of experience

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Salaries in different departments

BFSI, Investments & Trading Cluster Manager Salary 11 - 13 years exp. (3 salaries)	₹5.5 L/yr - ₹11 L/yr
Finance & Accounting Cluster Manager Salary 6 - 7 years exp. (AmbitionBox Estimate)	₹3.4 L/yr - ₹5.7 L/yr
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Sales & Business Development Cluster Manager Salary 6 years exp. (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.4 L/yr

Last Updated: 17 Aug 2024

Companies similar to Mahindra Rural Housing Finance for Cluster Manager

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L&T Finance Cluster Manager Salary 3 - 12 years exp. (8 salaries)	₹4.2 L/yr - ₹8.1 L/yr 9% less
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Piramal Capital Housing Finance Cluster Manager Salary 9 - 19 years exp. (57 salaries)	₹8.4 L/yr - ₹20.9 L/yr 104% more
Shriram Housing Finance Cluster Manager Salary 9 - 12 years exp. (3 salaries)	₹4.7 L/yr - ₹9 L/yr 12% more
Sammaan Capital Limited Cluster Manager Salary 8 - 12 years exp. (3 salaries)	₹5 L/yr - ₹10.4 L/yr 13% more
HDFC Bank Cluster Manager Salary 5 - 16 years exp. (24 salaries)	₹5 L/yr - ₹20 L/yr 62% more
Bajaj Finance Cluster Manager Salary 5 - 14 years exp. (302 salaries)	₹8.1 L/yr - ₹29.5 L/yr 177% more	37 job openings
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SMFG India Credit Cluster Manager Salary 8 - 19 years exp. (72 salaries)	₹5 L/yr - ₹21 L/yr 73% more
Bharat Financial Inclusion Cluster Manager Salary 0 - 9 years exp. (58 salaries)	₹5.3 L/yr - ₹8.4 L/yr 4% less
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Mahindra Finance Cluster Manager Salary 8 - 19 years exp. (34 salaries)	₹6.5 L/yr - ₹16 L/yr 48% more
Tata Capital Cluster Manager Salary 6 - 16 years exp. (22 salaries)	₹6.5 L/yr - ₹15.5 L/yr 75% more	1 job opening
Home Credit Finance Cluster Manager Salary 6 - 15 years exp. (19 salaries)	₹4.1 L/yr - ₹9 L/yr 12% less	2 job openings
Kotak Mahindra Prime Cluster Manager Salary 7 - 17 years exp. (19 salaries)	₹6.5 L/yr - ₹11.5 L/yr 43% more
IIFL Finance Cluster Manager Salary 3 - 15 years exp. (17 salaries)	₹3.7 L/yr - ₹7.5 L/yr 13% less	1 job opening
SK Finance Limited Cluster Manager Salary 9 - 15 years exp. (13 salaries)	₹5.8 L/yr - ₹15 L/yr 51% more
Muthoot Fincorp Cluster Manager Salary 10 - 14 years exp. (10 salaries)	₹5.2 L/yr - ₹10.5 L/yr 3% less	2 job openings
Poonawalla Fincorp Cluster Manager Salary 9 - 16 years exp. (7 salaries)	₹12 L/yr - ₹21.5 L/yr 120% more
CreditAccess Grameen Cluster Manager Salary 7 - 17 years exp. (6 salaries)	₹2.2 L/yr - ₹4.3 L/yr 51% less

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Cluster Manager salary at Mahindra Rural Housing Finance ranges between ₹3.4 Lakhs to ₹11 Lakhs per year for employees with experience between 6 years to 13 years. Salary estimates are based on 6 latest salaries received from various employees of Mahindra Rural Housing Finance.

Experience wise Mahindra Rural Housing Finance Cluster Manager salaries

Last Updated: 17 Aug 2024

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4 L/yr
7 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹5.7 L/yr
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8 years (AmbitionBox Estimate)	₹5 L/yr - ₹6.4 L/yr
9 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.5 L/yr
10 years (AmbitionBox Estimate)	₹6.7 L/yr - ₹8.6 L/yr
11 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹15.2 L/yr
12 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹11 L/yr
13 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹11 L/yr

View all

Similar Designation salaries in Mahindra Rural Housing Finance

Cluster Head Salary

(3 salaries)

₹9.2 L/yr - ₹14 L/yr

Area Manager Salary

(10 salaries)

₹9.25 L/yr - ₹14 L/yr

Deputy Manager Salary

(90 salaries)

₹3.2 L/yr - ₹10.75 L/yr

Business Manager Salary

(AmbitionBox Estimate)

₹5.4 L/yr - ₹6.9 L/yr

Sales Manager Salary

(19 salaries)

₹1.5 L/yr - ₹6 L/yr

Branch Manager Salary

(363 salaries)

₹1.85 L/yr - ₹8 L/yr

Territory Manager Salary

(191 salaries)

₹4.6 L/yr - ₹13.5 L/yr

Area Sales Manager Salary

(AmbitionBox Estimate)

₹9.4 L/yr - ₹12 L/yr

Relationship Manager Salary

(35 salaries)

₹2.6 L/yr - ₹4 L/yr

Area Business Manager Salary

(6 salaries)

₹8.85 L/yr - ₹21 L/yr

Salary related reviews for Mahindra Rural Housing Finance

4.0

Rated by 7 employees for salary & benefits

Branch Manager in Shujalpur

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 15 Dec 2024

3.0

for Salary and Benefits

Likes

...ed us and made us resign and then did not even give us relief, we felt very bad. Despite the salary being very low (21500), we worked honestly for 8 years in Mahindra company. A staff in another company earns this much salary

Skill development - Good

Dislikes

The company to which the employee gave 8 years of his life, harassed the employee and made him resign from the job, after which I was asked for early relieving, then even after I mailed for early relieving, I was not given early relieving,If I want, I can seek relief through court case because I have the recording which was spoken by the company's HR and Deepak sir (Business Head).

Job security - Poor

Branch Manager in Akola

Full Time

Sales & Business Development Department

4.0

• posted on 03 Oct 2024

3.0

for Salary and Benefits

Likes

I like company culture environment co operative senior..

Skill development - Good

+5 more

Dislikes

I dislike company salary structure compare for new joining against old employee who was complete his above 5 years in company but company not provide as per role benefits.

Sales Executive in Vellore

Full Time

Marketing & Communication Department

1.0

• posted on 21 Jan 2024

1.0

for Salary and Benefits

Likes

I don't like the Mahindra Rural Housing Finance (MRHFL) Reason: I started January 8 this month's salary not credit in my account and February month salary just 6500 rupees worst behaviour HR department. I not relieved the company but company abscond my name, I facing big problem in my life intercaste marriage this the reason abscond my name, I called to HR department in my relieving letter HR is not giving my relieving letter, so many problems in this company🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬

Dislikes

Worst experience in this company

Salary - Bad

+6 more

Territory Sales Manager in Chennai

Full Time

Sales & Business Development Department

3.0

• posted on 18 Apr 2023

4.0

for Salary and Benefits

Likes

Salary on time

Salary - Good

+2 more

Dislikes

No salary growth after internal promotion. Working on Sunday Late night Working Very poor incentive policy All work manually Poor infrastructure Lazy HR Casual approach company Risk on field to executive on collection time Poor legal

Skill development - Bad

+1 more

Territory Manager in Machilipatnam

Full Time

Sales & Business Development Department

5.0

• posted on 17 Oct 2022

2.0

for Salary and Benefits

Likes

1.In this company provide loans for rural people and transforming rural areas in that reason educate to rural people 2.For giving best career to every one 3.Freshers can do and mingle with this company easily

Job security - Excellent

+1 more

Dislikes

Salary Hich is very bad

Salary - Poor

see more salary related reviews

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Salary Discussions, Hike & Promotions

1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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Mahindra Rural Housing Finance Cluster Manager Salary FAQs

What is the salary of Cluster Manager at Mahindra Rural Housing Finance?

Cluster Manager salary at Mahindra Rural Housing Finance in India ranges between ₹3.4 Lakhs to ₹11.0 Lakhs for experience between 6 years to 13 years. According to our estimates it is 24% less than the average Cluster Manager Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Mahindra Rural Housing Finance India.

How does the salary of a Cluster Manager at Mahindra Rural Housing Finance India compare with the average salary range for this job?

The average salary of a Cluster Manager at Mahindra Rural Housing Finance is 24% less than the average salary of a Cluster Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than Mahindra Rural Housing Finance to a Cluster Manager in India?

Bajaj Finance Cluster Manager Salary - ₹8.1 Lakhs to ₹29.5 Lakhs per year
HDB Financial Services Cluster Manager Salary - ₹9.5 Lakhs to ₹26.0 Lakhs per year
Poonawalla Fincorp Cluster Manager Salary - ₹12.0 Lakhs to ₹21.5 Lakhs per year
Piramal Capital Housing Finance Cluster Manager Salary - ₹8.4 Lakhs to ₹20.9 Lakhs per year
Tata Capital Cluster Manager Salary - ₹6.5 Lakhs to ₹15.5 Lakhs per year

What is the salary of a Cluster Manager in companies similar to Mahindra Rural Housing Finance in India?

SMFG India Credit Cluster Manager Salary - ₹5.0 Lakhs to ₹21.0 Lakhs per year
HDFC Bank Cluster Manager Salary - ₹5.0 Lakhs to ₹20.0 Lakhs per year
SK Finance Limited Cluster Manager Salary - ₹5.8 Lakhs to ₹15.0 Lakhs per year
Mahindra Finance Cluster Manager Salary - ₹6.5 Lakhs to ₹16.0 Lakhs per year
Kotak Mahindra Prime Cluster Manager Salary - ₹6.5 Lakhs to ₹11.5 Lakhs per year

What is the estimated take home salary of a Cluster Manager at Mahindra Rural Housing Finance in India?

The estimated take-home salary of a Cluster Manager at Mahindra Rural Housing Finance ranges between ₹52,332 per month to ₹53,632 per month in India. The take-home salary calculation is based on the average Mahindra Rural Housing Finance Cluster Manager salary in India which ranges between ₹3.4 Lakhs to ₹11.0 Lakhs per year for employees with experience between 6 years to 13 years. Check how did we calculate take home salary?

What is the notice period for Cluster Manager at Mahindra Rural Housing Finance?

According to AmbitionBox, 67% of the Mahindra Rural Housing Finance Cluster Managers reported a notice period of 2 Months, 33% reported a notice period of 3 Months.This is based on 3 responses on AmbitionBox in last 2 years.

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Mahindra Rural Housing Finance Cluster Manager Salaries

Mahindra Rural Housing Finance Cluster Manager salary in India ranges between ₹3.4 Lakhs to ₹11 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Mahindra Rural Housing Finance latest salaries received from various employees of Mahindra Rural Housing Finance.